Guild Acquisitions plc
LSE : GAQO

July 20, 2016 09:20 ET

Clarification Announcement on: Placing, Board Changes and Corporate Update

                                                                                               20 July 2016
                                                     
                                          Guild Acquisitions plc
                                        ("Guild" or the "Company")
                                                     
                                      Clarification Announcement on:
                                Placing, Board Changes and Corporate Update

The  announcement released by Guild Acquisitions Plc on 20 July 2016, erroneously stated  in  the  headline
that  the  Company  is  Issuing  Debt. The Company would like to clarify  that  the  announcement  headline
disclosed is the Company is: "Placing, Board Changes and Corporate Update".

Placing

Guild Acquisitions plc is pleased to announce that Peterhouse Corporate Finance Limited ("Peterhouse")  has
completed  a placing raising a total of £100,000 for the Company through the issue of 333,333,333  ordinary
shares of 0.01 pence each ("Ordinary Shares") at a price of 0.03 pence per share (the "Placing"). The  fund
raised will be used to drive forward the Company's investment focus, centred around technology.

The notice of Extraordinary General Meeting posted to shareholder of the Company on 22 February 2016 stated
that  Peterhouse had conditionally raised £40,000 through the placing of 100,260,076 Ordinary  Shares.  The
investment that was promised as part of this placing were not received and therefore these Ordinary  Shares
were not issued at the time.

Following the Placing the Company has 568,394,334 Ordinary Shares in issue with voting rights and  admitted
to trading on ISDX.

This figure may be used by shareholders in the Company as the denominator for the calculation by which they
will  determine  if they are required to notify their interest in, or a change to their  interest  in,  the
share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.


Corporate Update

Given  the challenging economic environment currently facing small to medium sized companies, the Directors
of the Company feel that the Company would benefit from focussing its investment strategy on technology,  a
sector  that  has  seen substantial growth and one which the Directors believe exciting  opportunities  are
still  available. Specifically, the Director's believe that there is an opportunity to invest  in  emerging
blockchain based businesses.

The Directors believe that the rate at which blockchain companies are emerging is set to expand hugely over
the next few years and the Company expects that by putting in place management with access and an extensive
network  of  contacts in that sector, the Company will be in a good position to invest  in  the  attractive
propositions that the blockchain ecosystem has to offer.

Following a strategic review of the business, the Directors have therefore decided to pursue investments in
this  this powerful and disruptive technology as it moves closer to mainstream adoption. The Directors have
sought  out  a  team  to find such investments for the Company which they believe will generate  value  for
shareholders. To reflect the Company's refocus of strategy, certain Board changes are being made.


Board Changes

The Company is pleased to announce the appointment of George Mcdonaugh, Jeremy Woodgate and Rupert Williams
as  directors of the Company, effective immediately. The Company also announces that Charles Goodfellow has
stepped  down from the Board with immediate effect. The Company would like to thank Charles for his efforts
whilst on the Board.

George  will join the board of the Company as an Executive Director. Over the past 5 years George has  been
working  with various applications and new technologies related to blockchain and as a result he has  built
up  a  broad network of contacts within this sector. He is a co-founder of The N.O.M.A.N Blockchain Network
which has over 400 members and includes some of the most respected innovators in the space.

Jeremy  Woodgate,  who  will  join  the  Board as a Non-Executive  Director  has  previously  worked  as  a
stockbroker,  placing equities as well as high yield debt in various sectors. He is a founder and  director
of  Smaller  Company  Capital  Limited, a boutique stockbroking firm based in London,  which  finances  and
supports early stage companies listed on AIM.

Rupert  Williams, who will join the Company as a Non-Executive Director, has over 20 years'  experience  in
the  City raising money for growth companies. In 2002 Rupert founded Ocean Equities Ltd and was the partner
and  head  of sales, responsible for floating companies on the AIM, TSX & ASX exchanges and raising  funds.
Rupert is a founder and director of Smaller Company capital Limited.


 Change of Corporate Adviser

Guild  Acquisitions plc is pleased to announce the appointment of Peterhouse Corporate Finance  Limited  as
the Company's ISDX Corporate Adviser, effective immediately.

The directors of the issuer accept responsibility for the contents of this announcement.

                                                  -ENDS-


Contact Details:


Guild Acquisitions plc
Stephen Corran
+44 (0)16 2467 6716
scorran@bridgewaters.co.im

ISDX Corporate Adviser:
Peterhouse Corporate Finance Limited
Fungai Ndoro/ Mark Anwyl
+44 (0)20 746 930

In  addition  to  their  directorships of the Company, the new Directors hold or have  held  the  following
directorships in the five years prior to the date of this announcement:

                          Current directorships                             Past directorships
                                                                            
George Mcdonaugh          Kyrptonite 1 Limited                              G&D Creative Ltd
                          
Jeremy Woodgate           Providence Capital Partners Limited               n/a
                          Kyrptonite 1 Limited
                          Smaller Company Capital Limited
                          
Rupert Williams           Smaller Company Capital Limited                   Ocean Equities Ltd
                          Blockchain Tech inc Ltd                           Savannah Mining Limited
                          Kyrptonite 1 Limited


There  is no further information that is required to be disclosed pursuant to Paragraph 21, Appendix  1  of
the ISDX Growth Market - Rules for Issuers.

Contact Information

  • Guild Acquisitions plc